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1654 Pecan Ct Redwood City, CA 94061

5 Beds 3 Baths 1,870 sqft Built 1957

$1,300,000

List Price

$4,920

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $695.19
  • 2 Days on Market
  • MLS # : ML81818068
  • Updated Date : 11/02/2020 at 15:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,870 sqft
  • Baths : 3 full
Listing Agent

Park Lane Capital Inc

Listing Agent's Description

Location, Location. A once in a life time opportunity! 5 bedroom house with 6700 Sq Ft lot. House is a fixer. This isnt a quick remodel job. It's a project.

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MARKET HIGHLIGHTS

  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)

PRICE & RENT TRENDS

Neighborhood: Pecan Court

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $392k1565k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pecan Court

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $15875138

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Henry Ford Elementary School Primary Regular 426 16 5
John F. Kennedy Middle School Middle Regular 728 36 5
Woodside High School High Magnet 1,815 106 7

Henry Ford Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 16
5
GreatSchools Rating

John F. Kennedy Middle School

  • Education Level: Middle
  • # of students: 728
  • # of teachers: 36
5
GreatSchools Rating

Woodside High School

  • Education Level: High
  • # of students: 1,815
  • # of teachers: 106
7
GreatSchools Rating
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$4,428$5,412$4,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,920
EXPENSES Loan Payment -$4,796
Property Tax -$1,192
Property Insurance -$72
Property Management Fees -$192
CASH FLOW
-$1,332

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,300,000

PROJECTED PRICE

$4,920

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,796

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$13,233

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,885

    COMP ESTIMATED VALUE
  • $2.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,4504$5,9955$6,000
$6,000
RENT COMPS ANALYSIS
  • 1654 Pecan Ct Redwood City, CA 1
    • 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1957 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 205 Cypress St Redwood City, CA 2
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1945 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1945
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.21
    •  
  • 417 Redwood Ave Redwood City, CA 3
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1946 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1946
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.24
    •  
  • 2469 Brewster Ave Redwood City, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1938 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1938
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,995
    • $3.00
    •  
  • 351 Montwood Cir Redwood City, CA 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1976
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $3.00
    •  
PROPERTY LISTING DETAILS
Allen Nazari
Park Lane Capital Inc
BESbswy